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Spider-Man 3 is the most expensive movie ever made

Monday, April 23, 2007
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The talk is that all total, Sony has spent $500 miilion on Spider-Man 3. Of course they’re in denial mode about it right now. of course they will make millions and millions and they want to extend the franchise another three movies.

As production dragged on into late summer—it had been scheduled to conclude in June—stories about the project’s ballooning budget started popping up all over town. But in the end, even the most hyperbolic of observers may have underestimated the final tab. Industry insiders claim that Sony spent $350 million or more on production alone. With marketing and promotion factored in, the total price tag will approach half a billion dollars—positioning Spider-Man 3 as the most expensive movie of all time. (Cleopatra, the 1963 epic that has long held the title of priciest picture, had an inflation-adjusted budget of $290 million.)

Still reeling from a flurry of bad press on its PlayStation 3 gaming console, Sony isn’t eager to claim this honor. A studio spokesman angrily rejects the $350 million estimate as a “complete fabrication,” insisting that production costs didn’t exceed $270 million. One of the film’s producers, Laura Ziskin, also disputes the higher total, albeit in a less forceful manner. “I refuse to say the [real] number because it makes me choke,” she tells Radar. Spider-Man 3 was a super-expensive movie—the most expensive film we’ve ever made. But there’s no way you can get to $300 million.”

You can read the full article here. It’s a long one.

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John

Written by: John
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